China Trade Credit Insurance Market Size & Outlook
China trade credit insurance market, 2017-2030 (US$M)
Related Markets
China trade credit insurance market highlights
- The China trade credit insurance market generated a revenue of USD 603.7 million in 2023 and is expected to reach USD 1,346.9 million by 2030.
- The China market is expected to grow at a CAGR of 12.1% from 2024 to 2030.
- In terms of segment, large enterprises was the largest revenue generating enterprise size in 2023.
- Small and Medium Enterprises is the most lucrative enterprise size segment registering the fastest growth during the forecast period.
Trade credit insurance market data book summary
| Market revenue in 2023 | USD 603.7 million |
| Market revenue in 2030 | USD 1,346.9 million |
| Growth rate | 12.1% (CAGR from 2023 to 2030) |
| Largest segment | Large enterprises |
| Fastest growing segment | Small and Medium Enterprises |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Large Enterprises, Small and Medium Enterprises |
| Key market players worldwide | Allianz SE, Coface SA, American International Group Inc, Zurich Insurance Group AG, Chubb Ltd, QBE Insurance Group Ltd, American Financial Group Inc, Aon PLC Class A |
Other key industry trends
- In terms of revenue, China accounted for 5.7% of the global trade credit insurance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China trade credit insurance market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 908.1 million by 2030.
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Trade Credit Insurance Market Scope
Trade Credit Insurance Market Companies
| Name | Profile | # Employees | HQ | Website |
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China trade credit insurance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to trade credit insurance market will help companies and investors design strategic landscapes.
Large enterprises was the largest segment with a revenue share of 60.36% in 2023. Horizon Databook has segmented the China trade credit insurance market based on large enterprises, small and medium enterprises covering the revenue growth of each sub-segment from 2017 to 2030.
One of the significant factors propelling the growth of the market in the country is the increasing awareness among Chinese businesses about the importance of credit risk management. This has led to a growing demand for trade credit insurance among businesses of all sizes in China.
Another factor driving the growth of the market is the significant increase in international trade in China, which has created a need for credit insurance to protect businesses against the risks of non-payment and insolvency.
The growing popularity of e-commerce and online trading platforms in China has also led to an increase in demand for trade credit insurance products that cater to the needs of these businesses.
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Target buyers of China trade credit insurance market databook
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Our clientele includes a mix of trade credit insurance market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China trade credit insurance market , including forecasts for subscribers. This country databook contains high-level insights into China trade credit insurance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China trade credit insurance market size, by enterprise size, 2017-2030 (US$M)
China Trade Credit Insurance Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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